The Federal Open Market committee cut interest rates by a quarter of a percent during their July meeting. This is the first time since the financial crisis in 2008 that the Federal Reserve voted to lower interest rates. Jerome Powell, chairman of the Federal Reserve, was persistent that the rate cut was a recalibration to fit the economy, rather than a response to the 2-year and 10-year bonds inverting. The inversion of these bonds often is a signal of a recession coming. The bond market inverting is feared to be in response to the Federal Reserve not taking an aggressive approach to preventing a recession.
https://www.cnbc.com/2019/08/21/bond-market-signaling-that-fed-may-be-too-slow-to-cut-rates.html
The question of if this has just been a coincidence in the past comes into play. All other indicators look healthy and strong. This can all change though with a trade war that could hurt us and other outside factors coming into play with an election coming up. Will be interesting to see what happens a year from now.
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